Stroup Karen B. 4

Accession 0001309108-24-000092

CIK 0001309108other

Filed

Mar 18, 8:00 PM ET

Accepted

Mar 19, 9:07 PM ET

Size

27.8 KB

Accession

0001309108-24-000092

Form 4

Period: 2024-03-15

Chief Digital Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2024-03-15−530→ 533 total
Exercise: $0.00→ Common Stock (530 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-15−652→ 1,307 total
Exercise: $0.00→ Common Stock (652 underlying)
Award
Market Share Units
2024-03-15+2,199→ 2,199 total
→ Common Stock (2,199 underlying)
Exercise/Conversion
Common Stock
2024-03-15+3,064→ 5,242 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−1,206$282,144→ 4,036 total
Exercise/Conversion
Common Stock
2024-03-15+530→ 4,566 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−209$48,896→ 4,357 total
Exercise/Conversion
Common Stock
2024-03-15+652→ 5,009 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−257$60,125→ 4,752 total
Exercise/Conversion
Common Stock
2024-03-15+2,605→ 7,357 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−1,026$240,033→ 6,331 total
Exercise/Conversion
Restricted Stock Units
2024-03-15−3,064→ 0 total
Exercise: $0.00→ Common Stock (3,064 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-15−2,605→ 0 total
Exercise: $0.00→ Common Stock (2,605 underlying)
Award
Restricted Stock Units
2024-03-15+2,199→ 2,199 total
Exercise: $0.00→ Common Stock (2,199 underlying)

Footnotes (5)

[F1]Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2024.
[F2]Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.
[F3]Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
[F4]Each market share unit (MSU), a form of performance-based restricted stock unit, converts into the number of shares of common stock determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average) divided by the close price on the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. The target number of MSUs is reported in this Form 4.
[F5]One-third of the MSU award will vest on each of the first, second and third anniversaries of the grant date and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the payout factor is at least 60%, and if the payout factor is not at least 60% on an applicable vesting date MSUs eligible to vest on that date will be forfeited.

Documents

1 file

WEX Inc.

CIK 0001309108

Entity typeother